Six developers have committed to building the first towers in the business district of Dubai Maritime City, eight years after the waterfront project was introduced as the "world's largest maritime development".
The developers, introduced individually with musical fanfare at a media event yesterday, are to build hotel, office and residential properties in the Dh2.5 billion (US$680.6 million) district, which is now largely sand dunes and deserted-looking construction sites.
Turning those dunes into the thriving community envisioned for the 227-hectare man-made peninsula remains a challenge for Drydocks and Maritime World, the Dubai World subsidiary leading the project.
The developers, introduced individually with musical fanfare at a media event yesterday, are to build hotel, office and residential properties in the Dh2.5 billion (US$680.6 million) district, which is now largely sand dunes and deserted-looking construction sites.
Turning those dunes into the thriving community envisioned for the 227-hectare man-made peninsula remains a challenge for Drydocks and Maritime World, the Dubai World subsidiary leading the project.
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